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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: Ron McKinnon who wrote (49341)10/4/2003 5:06:15 PM
From: DanZ  Read Replies (2) of 53068
 
I agree with what you said, but the market is seeing growth ahead, which is why it is rallying. Obviously I don't know if the market is ahead of itself, but the bear market is over because the economy tends to move in the same direction for a while. It's like trying to slow down a freight train and reverse its direction. It builds momentum in one direction for a while, slows down, and then builds momentum in the other direction. Clearly we are building momentum in a growth cycle. The employment data out yesterday provided the final missing link that the markets needed to have confidence that the economy is on a solid growth path. Rates are low, personal income is up, and now it appears that the job market is finally turning around. There must be a lot of pent up demand for products since people have been holding off many purchases due to a lack of confidence in the economy. Increases in spending will add fuel to the job fire because companies will hire to meet the increasing demand. The markets will overshoot like they usually do. We aren't even close to the end of this bull run in my opinion, although there's no doubt that there will be setbacks along the way, which are very healthy.

PS to Wiesia: You posted a trade on this thread the other day. Did you intend to post it on the ZPortfolio thread? Message 19369129 Thanks.
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